SANTA FE, N.M. (AP) — The parent firm of the largest utility in New Mexico has funded a group that spent more than $130,000 on political advertisements in highly contested Democratic legislative primary election races last year. PNM Resources, the parent firm of Public Service Company of New Mexico, had financed the Council for a Competitive New Mexico. The disclosure was made public on Friday as part of a settlement agreement that involved the New Mexico Ethics Commission agreeing to drop a lawsuit it had filed in December. The commission also agreed to waive any civil penalties against the group and will not require it to register as a political committee.